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Economy

Democracy Now! stories, posts and pages that relate to U.S. Economy

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  • Povertyinequality
    Republicans have accused President Obama of waging class warfare for using his State of the Union to push for an increase in taxes and closing loopholes that benefit the wealthiest 1 percent of Americans. Pulitzer Prize-winning tax reporter David Cay Johnston says there is indeed a class war going on in Washington — but by the rich against the poor. Johnston’s latest book is "Divided. The Perils of Our Growing Inequality."
    January 21, 2015 | Story
  • Fleischmann-6
    In holiday special, we feature a Democracy Now! broadcast exclusive interview with Alayne Fleischmann, the whistleblower who helped the Justice Department force JPMorgan Chase to pay one of the largest fines in U.S. history for its role in the financial crisis. She is featured in a Rolling Stone investigation by recently returned Matt Taibbi, who also joins us. Fleischmann details how she witnessed "massive criminal securities fraud"...
    January 01, 2015 | Story
  • Matttaibbi
    In part two of our holiday special, we feature our April 2014 interview with Matt Taibbi about his book, "The Divide: American Injustice in the Age of the Wealth Gap." The book asks why the vast majority of white-collar criminals have avoided prison since the financial crisis began, while an unequal justice system imprisons the poor and people of color on a mass scale. "It is much more grotesque to consider the non-enforcement...
    January 01, 2015 | Story
  • Walmartwarehousesettlement
    Just days after President Obama praised Wal-Mart’s business practices in a speech at one of its California stores, more than 1,800 warehouse workers in the state have settled a major wage theft lawsuit against one of the retail giant’s largest contractors. On Wednesday, workers at three California warehouses used by Wal-Mart agreed to settle a wage theft lawsuit by accepting a $21 million settlement. The workers had sued Wal-Mart...
    May 15, 2014 | Story
  • Matttaibbi
    Award-winning journalist Matt Taibbi is out with an explosive new book that asks why the vast majority of white-collar criminals have avoided prison since the financial crisis began, while an unequal justice system imprisons the poor and people of color on a mass scale. In "The Divide: American Injustice in the Age of the Wealth Gap," Taibbi explores how the Depression-level income gap between the wealthy and the poor is mirrored by...
    April 15, 2014 | Story
  • 978-0-8129-9342-4
    Read part of "The Divide: American Injustice in the Age of the Wealth Gap," by Matt Taibbi, who joined us to examine one of the "greatest challenges we face in contemporary American life: surviving a system that devours the lives of the poor, turns a blind eye to the destructive crimes of the wealthy, and implicates us all."
    April 14, 2014 | Web Exclusive
  • Imaginelivinginasocialistusa
    We end today’s show looking at a new book titled "Imagine: Living in a Socialist USA." The book features essays by many prominent people, including Michael Moore, Angela Davis, Frances Fox Piven, Martín Espada, Rick Wolff and Democracy Now! co-host Juan González. The book comes out at a time when polls show Americans aged 18 to 29 have a more favorable reaction to the word "socialism" than "capitalism." The...
    April 11, 2014 | Story
  • Allpresidentsbankerscover
    Read an excerpt of "All the Presidents’ Bankers: The Hidden Alliances that Drive American Power," by reporter, Nomi Prins, who joined us Tuesday to discuss the hundred-year interdependence between the White House and Wall Street.
    April 07, 2014 | Web Exclusive
  • Wallstreet
    With U.S. inequality at its highest point since 1928 and Wall Street bonuses hitting pre-2008 levels, we look at the 100-year history of secret collusion between Washington and the financial industry. In her new book, "All the Presidents’ Bankers: The Hidden Alliances that Drive American Power," financial journalist Nomi Prins explores how a small number of bankers have played critical roles in shaping a century’s worth...
    April 08, 2014 | Story
  • Wells_fargo
    A new internal report says the Justice Department massively overstated its successes in targeting mortgage fraud while in fact ranking it as a low priority for investigation. The Justice Department’s inspector general says despite playing a central role in the nation’s financial crisis, mortgage fraud was deemed either a low priority or not a priority at all. This comes as a recently revealed internal Wells Fargo document appears...
    March 21, 2014 | Story